overdraft of credit

См. также в других словарях:

• overdraft — over·draft / ō vər ˌdraft/ n 1: the act or result of drawing on a bank account for more than the balance; also: the amount exceeding the balance in an overdraft 2: a loan or credit extended on a current account esp. to established or… …   Law dictionary

• Credit card debt — is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the… …   Wikipedia

• Overdraft — O ver*draft , n. (Banking) The act of overdrawing; a draft in excess of the credit balance; also, the amount or sum overdrawn. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

• Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …   Wikipedia

• Overdraft fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …   Wikipedia

• overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …   Financial and business terms

• Overdraft Protection — A line of credit that banks offer to their customers to cover their overdrafts. Overdraft protection kicks in when a customer writes a check for more than the amount in their account. Also referred to as cash reserve checking. Overdraft… …   Investment dictionary

• Overdraft — An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it. Basically the bank allows people to borrow a set amount of… …   Investment dictionary

• overdraft credit — noun credit provided by a bank in honoring a customer s overdrafts • Syn: ↑check overdraft credit • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit …   Useful english dictionary

• overdraft — An overdrawing by a bank depositor. A payment by a bank from its funds of a check or draft drawn upon it by a depositor who does not have sufficient funds on deposit to pay the check or draft. American Surety Co. v First Nat. Bank (DC W Va) 50 F… …   Ballentine's law dictionary

• Overdraft Cap — The maximum dollar limit that a bank will send to another financial institution in one day. The overdraft cap limits the amount that banks will send via private payment or the Fedwire network. This cap limits a bank s daylight overdraft exposure …   Investment dictionary